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Cheviot Value Management, LLC

SEC CIK
0001427147
Latest filing
Aug 6, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 13, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
432
−22 vs. Q1 2025
Portfolio value
$872.3M
+$59.2M (+7.3%) vs. Q1 2025
Filed
Aug 13, 2025
SEC
Holdings of Cheviot Value Management, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
BRK.BBerkshire Hathaway IncStock239,673$111.5M12.8%−2,210−0.9%ReducedHistory
iShares Tr46436E7180-3 MTH TREASURY870,273$87.4M10.0%+107,940+14.2%Added–
AEMAgnico Eagle Mines LtdStock478,533$64.9M7.4%−5,005−1.0%ReducedHistory
GOOGLAlphabet Inc.Stock202,427$40.8M4.7%−2,673−1.3%ReducedHistory
Ssga Active ETF Tr78467V848ST STR TOTAL ETF977,509$39.1M4.5%+9,586+1.0%Added–
METAMeta Platforms, Inc.Stock44,254$34.0M3.9%−289−0.6%ReducedHistory
MSFTMicrosoft CorpStock58,494$30.5M3.5%−560−0.9%ReducedHistory
JNJJohnson & JohnsonStock172,530$29.9M3.4%−166−0.1%ReducedHistory
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF258,320$28.3M3.2%+14,727+6.0%Added–
NEMNEWMONT CorpStock350,304$24.2M2.8%−11,186−3.1%ReducedHistory
VVisa Inc.Stock71,033$23.9M2.7%−106−0.1%ReducedHistory
ULUnilever PLCSPON ADR NEW381,279$23.3M2.7%−2,753−0.7%ReducedHistory
CEFSprott Physical Gold & Silver TrustPHYSICAL GOLD AN732,823$23.0M2.6%−2,651−0.4%ReducedHistory
Flexshares Tr33939L605IBOXX 5YR TRGT935,714$22.6M2.6%+61,265+7.0%Added–
CMCSAComcast CorpStock485,927$15.4M1.8%+15,720+3.3%AddedHistory
AMZNAmazon Com IncStock68,915$15.3M1.8%+253+0.4%AddedHistory
BRK.ABerkshire Hathaway IncCL A20$14.0M1.6%00.0%UnchangedHistory
BBarrick Mining CorpStock566,630$13.3M1.5%+566,630NewHistory
XOMExxonMobil Holdings CorpCOM122,556$13.1M1.5%+2,532+2.1%AddedHistory
MKLMarkel Group Inc.COM6,822$13.0M1.5%−11−0.2%ReducedHistory
MRKMerck & Co., Inc.Stock158,285$12.8M1.5%+12,704+8.7%AddedHistory
CVXChevron CorpStock80,420$12.5M1.4%+1,512+1.9%AddedHistory
PFEPfizer IncStock494,899$12.2M1.4%−3,841−0.8%ReducedHistory
COPConocoPhillipsStock111,382$10.5M1.2%+9,177+9.0%AddedHistory
MDTMedtronic plcStock98,992$9.19M1.1%−644−0.6%ReducedHistory
AAPLApple Inc.Stock36,759$8.43M1.0%+1,119+3.1%AddedHistory
LBRDKLiberty Broadband CorpCOM SER C135,653$7.91M0.9%−6,118−4.3%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF11,319$6.50M0.7%+177+1.6%Added–
PAASPan American Silver CorpStock193,702$6.19M0.7%−4,922−2.5%ReducedHistory
WisdomTree Tr97717W315EMER MKT HIGH FD126,142$5.82M0.7%+2,332+1.9%Added–
ABBVAbbVie Inc.Stock28,837$5.71M0.7%−260−0.9%ReducedHistory
OXYOccidental Petroleum CorpStock122,968$5.45M0.6%+15,099+14.0%AddedHistory
iShares Ibonds Dec 2028 Term Corporate ETF46435U515ETF205,942$5.23M0.6%+17,031+9.0%Added–
iShares Ibonds Dec 2031 Term Corporate ETF46436E486ETF243,484$5.11M0.6%+11,513+5.0%Added–
AGIAlamos Gold IncStock176,402$4.62M0.5%+124,025+236.8%AddedHistory
Schwab Fundamental Emerging Markets Equity ETF808524730ETF131,168$4.46M0.5%+2,143+1.7%Added–
VanEck ETF Trust92189F106GOLD MINERS ETF67,549$3.92M0.4%−695−1.0%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF34,897$3.45M0.4%+279+0.8%Added–
Schwab Strategic Tr808524862SHT TM US TRES135,302$3.29M0.4%+6,034+4.7%Added–
CVSCVS Health CorpStock46,135$3.02M0.3%−3,172−6.4%ReducedHistory
Invesco Exchange Traded FD T46137V548INTL DIVI ACHI131,064$2.73M0.3%+4,938+3.9%Added–
PSXPhillips 66Stock22,485$2.68M0.3%−107−0.5%ReducedHistory
NVDANVIDIA CorpStock13,897$2.54M0.3%+389+2.9%AddedHistory
JPMJPMorgan Chase & CoStock8,290$2.39M0.3%−93−1.1%ReducedHistory
Vanguard Short-Term Bond ETF921937827ETF28,167$2.21M0.3%−1,244−4.2%Reduced–
ABTAbbott LaboratoriesStock14,380$1.93M0.2%+69+0.5%AddedHistory
VZVerizon Communications IncStock44,696$1.93M0.2%−1,767−3.8%ReducedHistory
Vanguard S&P 500 ETF922908363ETF3,262$1.91M0.2%+398+13.9%Added–
PMPhilip Morris International Inc.Stock10,698$1.82M0.2%−197−1.8%ReducedHistory
COSTCostco Wholesale CorpStock1,690$1.66M0.2%00.0%UnchangedHistory
DVNDevon Energy CorpStock45,144$1.50M0.2%−13,614−23.2%ReducedHistory
Sprott FDS Tr85208P303URANIUM MINERS E27,330$1.29M0.1%+185+0.7%Added–
Harris Oakmark ETF Trust41456U106OAKMARK U S LRG49,385$1.26M0.1%+41,970+566.0%Added–
VanEck Semiconductor ETF92189F676ETF4,100$1.20M0.1%00.0%Unchanged–
FISVFiserv IncStock8,636$1.15M0.1%+576+7.1%AddedHistory
AMGNAmgen IncStock3,762$1.08M0.1%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF1,659$1.06M0.1%+24+1.5%AddedHistory
MCDMcDonalds CorpStock3,365$1.03M0.1%+234+7.5%AddedHistory
GOOGAlphabet Inc.Stock4,778$965.6K0.1%+480+11.2%AddedHistory
AMATApplied Materials IncStock5,161$954.1K0.1%−283−5.2%ReducedHistory
ORCLOracle CorpStock3,715$929.1K0.1%00.0%UnchangedHistory
TSLATesla, Inc.Stock2,800$923.0K0.1%+48+1.7%AddedHistory
SNPSSynopsys IncCOM1,409$872.8K0.1%+145+11.5%AddedHistory
CDNSCadence Design Systems IncStock2,287$805.2K0.1%−19−0.8%ReducedHistory
WFCWells Fargo & CompanyStock9,800$762.9K0.1%+100+1.0%AddedHistory
iShares U.S. Treasury Bond ETF46429B267ETF32,481$743.5K0.1%+3,577+12.4%Added–
DISWalt Disney CoStock6,293$707.5K0.1%−291−4.4%ReducedHistory
MAMastercard IncStock1,191$684.0K0.1%−40−3.2%ReducedHistory
BACBank of America CorpStock14,141$650.6K0.1%00.0%UnchangedHistory
State Street SPDR S&P Biotech ETF78464A870ETF6,975$595.9K0.1%+90+1.3%Added–
WDCWestern Digital CorpCOM7,884$591.1K0.1%00.0%UnchangedHistory
MSMorgan StanleyStock4,075$583.5K0.1%+700+20.7%AddedHistory
MOAltria Group, Inc.Stock8,991$577.1K0.1%+8+0.1%AddedHistory
iShares Tr464288760US AER DEF ETF2,649$520.4K0.1%+175+7.1%Added–
CORCencora, Inc.Stock1,788$509.8K0.1%00.0%UnchangedHistory
RTXRTX CorpStock3,286$508.8K0.1%+12+0.4%AddedHistory
TGTTarget CorpStock4,558$480.4K0.1%00.0%UnchangedHistory
HDHome Depot, Inc.Stock1,225$475.1K0.1%00.0%UnchangedHistory
CHTRCharter Communications, Inc.CL A1,836$471.1K0.1%00.0%UnchangedHistory
Vanguard Total World Stock ETF922042742ETF3,571$470.7K0.1%00.0%Unchanged–
QCOMQualcomm IncStock3,156$465.7K0.1%+50+1.6%AddedHistory
NSCNorfolk Southern CorpStock1,535$429.8K<0.1%00.0%UnchangedHistory
GLWCorning IncCOM6,269$412.3K<0.1%+1,258+25.1%AddedHistory
ACMAecomCOM3,475$411.5K<0.1%00.0%UnchangedHistory
iShares Tr4642874571 3 YR TREAS BD4,831$399.1K<0.1%−4,330−47.3%Reduced–
Vanguard Morningstar Growth ETF922908736ETF847$388.9K<0.1%−25−2.9%Reduced–
GSGoldman Sachs Group IncStock533$384.4K<0.1%00.0%UnchangedHistory
RGAReinsurance Group of America IncCOM NEW2,050$382.2K<0.1%00.0%UnchangedHistory
NOCNorthrop Grumman CorpStock650$377.7K<0.1%00.0%UnchangedHistory
FFord Motor CoStock33,345$377.5K<0.1%+550+1.7%AddedHistory
WMWaste Management IncStock1,602$376.6K<0.1%+365+29.5%AddedHistory
LLYEli Lilly & CoStock581$363.5K<0.1%00.0%UnchangedHistory
Vanguard High Dividend Yield Index ETF921946406ETF2,662$360.3K<0.1%−50−1.8%Reduced–
ADPAutomatic Data Processing IncStock1,178$360.2K<0.1%00.0%UnchangedHistory
TXNTexas Instruments IncStock1,916$358.7K<0.1%+282+17.3%AddedHistory
CSCOCisco Systems, Inc.Stock4,816$345.7K<0.1%00.0%UnchangedHistory
BTIBritish American Tobacco p.l.c.SPONSORED ADR5,725$327.7K<0.1%+5,275+1,172.2%AddedHistory
Vanguard Information Technology ETF92204A702ETF461$322.4K<0.1%00.0%Unchanged–
PNCPNC Financial Services Group, Inc.Stock1,675$317.8K<0.1%−250−13.0%ReducedHistory
KOCoca Cola CoStock4,389$308.7K<0.1%00.0%UnchangedHistory

Sold out since Q1 2025 (34)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Cheviot Value Management, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Barrick Gold Corp067901108COM703,633$13.1M1.6%–
State Street Real Estate Select Sector SPDR ETF81369Y860ETF900$37.7K<0.1%–
LUVSouthwest Airlines CoCOM1,250$37.6K<0.1%History
OXLCOxford Lane Capital Corp.COM4,000$18.7K<0.1%History
AMDAdvanced Micro Devices IncStock165$16.6K<0.1%History
ECCEagle Point Credit CoCOM2,000$15.9K<0.1%History
NOWServiceNow, Inc.Stock11$10.8K<0.1%History
PDIPIMCO Dynamic Income FundSHS500$9.43K<0.1%History
UBERUber Technologies, IncStock83$7.09K<0.1%History
AJGArthur J. Gallagher & Co.COM20$6.70K<0.1%History
MRVLMarvell Technology, Inc.COM84$5.21K<0.1%History
MPWRMonolithic Power Systems, Inc.COM8$5.02K<0.1%History
CMGChipotle Mexican Grill IncCOM100$5.00K<0.1%History
SAPSAP SEADR16$4.84K<0.1%History
FTVFortive CorpStock67$4.53K<0.1%History
VRSKVerisk Analytics, Inc.COM15$4.42K<0.1%History
AGNCAGNC Investment Corp.REIT500$4.38K<0.1%History
ECLEcolab Inc.Stock16$4.08K<0.1%History
DTDynatrace, Inc.Stock77$3.66K<0.1%History
SONYSony Group CorpSPONSORED ADR135$3.41K<0.1%History
ITGartner IncCOM7$2.99K<0.1%History
NVONovo Nordisk A SADR38$2.63K<0.1%History
HLNHaleon plcADR247$2.63K<0.1%History
ASTSAST SpaceMobile, Inc.COM CL A100$2.48K<0.1%History
DJTTrump Media & Technology Group Corp.Stock100$2.43K<0.1%History
ARGXArgenx SESPONSORED ADR3$1.97K<0.1%History
CCLCarnival Corp Ltd.UNIT 99/99/9999100$1.96K<0.1%History
ALCAlcon IncStock20$1.95K<0.1%History
TRIThomson Reuters CorpCOM NO PAR10$1.86K<0.1%History
RDFNRedfin CorpCOM200$1.84K<0.1%History
LINLinde PLCStock4$1.81K<0.1%History
ARESAres Management CorpCL A COM STK4$643<0.1%History
NVAXNovavax IncCOM NEW15$94<0.1%History
VXRTVaxart, Inc.COM NEW85$35<0.1%History